Bullpen
dexMaker 0.015% · Taker 0.045%
Best pair here now
NEAR
Lighter RobinhoodBullpenthis venue
HYPEBullpenthis venue
RiseX
BTCBullpenthis venue
Coinbase InternationalPer-asset breakdown
Daily average of the venue rolling 24h figures, through the last complete day — so these totals sit close to, but not exactly on, the live numbers above. Hover a chart for the per-asset split · hover or click an asset to spotlight it · click a legend chip to hide it.
Markets
| Asset | Mark Price ↕ | 24h % ↕ | Funding APR ↕ | Open Interest ↓ | 24h Volume ↕ | ||
|---|---|---|---|---|---|---|---|
 ETH | $2,686.9 | +0.56% | +10.96% | +10.96% | 1h | $1.60B | $1.06B |
| BTC | $83,441 | +0.09% | +10.96% | +7.87% | 1h | $1.46B | $2.92B |
| HYPE | $89.0968 | +3.22% | +10.96% | +8.22% | 1h | $945.9M | $834.4M |
 SOL | $117.9879 | -1.11% | +10.96% | +8.86% | 1h | $334.0M | $314.2M |
| NEAR | $5.1959 | +3.89% | +10.96% | +15.96% | 1h | $166.1M | $337.7M |
 XRP | $1.4903 | -0.47% | +10.96% | +10.87% | 1h | $156.3M | $82.2M |
 PUMP | $0.0058 | -2.52% | +40.26% | +26.03% | 1h | $148.1M | $136.0M |
 ENA | $0.2664 | +6.85% | +10.96% | +15.64% | 1h | $76.1M | $90.7M |
 DOGE | $0.095 | +1.02% | +10.96% | +14.22% | 1h | $53.1M | $18.2M |
 LINK | $14.432 | -0.08% | -14.01% | +9.97% | 1h | $45.6M | $29.1M |
Click an asset to view market overview · Funding rates update every 60s
About Bullpen funding & fees
Bullpen is a decentralized perpetual exchange (perp DEX) tracked live on ORBIT, listing 24 perpetual markets, $5.24B total open interest, $6.05B in 24h volume. Average funding across its markets is +11.14% annualized. ORBIT compares Bullpen's funding rates against 35 other venues so you can spot where it diverges from the rest of the market.
Bullpen charges 0.045% taker and 0.015% maker fees on perpetuals. Execution cost matters for funding arbitrage — ORBIT's backtester subtracts both legs' taker fees plus live order-book slippage, so the PnL it shows is net of what you actually pay.
Bullpen currently runs an active points program with no token live yet — every trade accrues points toward a future airdrop. That makes it a prime venue for the long leg of a delta-neutral funding trade: you farm points on the position you are holding anyway. Estimate what those points could be worth with the Points Calculator.
To run funding arbitrage with Bullpen, find an asset whose funding here diverges from another venue on the Funding Screener, then verify the pair in the backtester. Its most active markets right now include ETH (+10.96%), BTC (+10.96%), HYPE (+10.96%).
Frequently asked questions
- What are Bullpen trading fees?
- Bullpen charges 0.045% taker and 0.015% maker on perpetual futures. Round-trip cost on both legs is what a funding-arbitrage trade has to overcome before it profits.
- Is Bullpen a CEX or DEX?
- Bullpen is a decentralized perpetual exchange (perp DEX). You trade non-custodially from your own wallet.
- Does Bullpen have an airdrop or points program?
- Yes — Bullpen is actively distributing points with no token live yet. Trading volume accrues points that may convert to a future airdrop. Stack them on a funding-arbitrage long leg and value them with the ORBIT Points Calculator.